PARIS (AP) — Paris Saint-Germain's injury woes continued as star winger Khvicha Kvaratskhelia limped off with a right ankle injury against Newcastle in the Champions League on Wednesday.
Kvaratskhelia sustained the injury following a tackle from Anthony Elanga midway through the first half at Parc des Princes.
“Once again we have an injured player. We will need to see what the (extent of) his injury is tomorrow,” PSG coach Luis Enrique said. “It's complicated. I hope I'm wrong, I hope we will have good news tomorrow.”
After a few moments of treatment he was helped off by right back Achraf Hakimi — who was injured on the same field against Bayern Munich in November — and a staff member.
Kvaratskhelia was unable to put any weight on his right leg, which was stretched out ahead of him as he was assisted down the tunnel. The Georgia star scored against Sporting last Tuesday and was looking sharp down the right flank before his injury.
Kvaratskhelia had set up a goal for midfielder Vitinha in the eighth minute after making a run from the right and feeding him on the edge of the penalty area.
Désiré Doué, Ousmane Dembélé, Nuno Mendes, goalkeeper Matvei Safonov and several other key players have been injured this season.
AP soccer: https://apnews.com/hub/soccer
PSG's Khvicha Kvaratskhelia is assisted to leave the field during a Champions League opening phase soccer match between Paris Saint-Germain and Newcastle in Wednesday, Jan. 28, 2026. (AP Photo/Michel Euler)
PSG's Khvicha Kvaratskhelia is assisted during a Champions League opening phase soccer match between Paris Saint-Germain and Newcastle in Wednesday, Jan. 28, 2026. (AP Photo/Michel Euler)
NEW YORK (AP) — Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.
The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.8 billion. It was the second year in a row of steep declines. The drop came despite the introduction of cheaper models and Musk's promise to remain laser-focused on the company after a foray into U.S politics.
Still, Tesla investors have kept the faith in Musk. The stock is up 9% in the past year.
Musk has been urging investors to focus less on car sales and more on what he considers a bright new future of robotaxis ferrying millions in cars without drivers, or even steering wheels, and robots watering plants and taking care of elderly parents.
On a conference call, Musk said Tesla would be closing down production of two models, S and X, in the second quarter this year and converting a Fremont, California, factory to produce its Optimus robots.
For the fourth quarter of last year, Tesla's net income also plunged, down 61% to $840 million, or 24 cents. Excluding one-time charges, net income totaled 50 cents per share, compared to analysts' forecasts of 45 cents.
“They’ve got aging product that is less and less competitive as others manufacturers come out with new models, then there is the general brand destruction," said Telemetry analyst Sam Abuelsamid. "Musk‘s involvement in politics has turned off customers.”
One bright point was Tesla's gross profit margins, which leapt to 20% last quarter from 16% a year ago.
“Tesla’s ability to show improving profitably was a surprise,” said Morningstar analyst Seth Goldstein. “I think that is the reason the stock is up now.”
Goldstein said he was also encouraged by plans outlined in Tesla’s earnings report to roll out robotaxi service in Houston, Miami and five other cities in the first half of this year.
Investors cheered earlier this year when Musk shifted his focus back to the company after spending months as head of a government cost-cutting team in Washington. But it's not clear his attention will remain as undivided in the new year. He has plans to take his rocket company SpaceX public, possibly in June, in what many expect to be a blockbuster IPO that make him the world’s first trillionaire — but also possibly distract him.
The latest Tesla figures are a setback for a company that had promised so much a year ago.
After President Donald Trump was elected, investors pushed up the stock on a bet that his advisory role in the new administration would help the company. Instead it backfired. Customers angry with his work for Trump and his right-wing political stances boycotted the brand.
Musk had also promised a year ago that European regulators would approve its partial self-driving software within three months, a potential big boost to Tesla sales there. But that didn’t happen either.
And investors were also excited about Teslas robotaxi service promising rides without anyone driving the car. But instead they got cars with supervisors inside to grab the controls in case something went wrong, though on this count there may be progress. Tesla recently said it was removing these safety drivers in Austin where it launched the service in June and has vowed to aggressively expand into other cities in the coming year.
For some on Wall Street that is enough to get excited about the company, and keep pushing the stock up.
Dan Ives of Wedbush Securities, one of Wall Street’s most bullish analysts, expects robotaxis will be in more than 30 cities by the end of this year, and that Tesla will capture 70% of the global market for self-driving cars in a decade.
Others are also excited about Tesla energy storage business, which posted strong numbers last quarter with revenues surging 25% to $3.8 billion. Tesla is benefiting from massive demand as datacenters sucking up energy are being built out around the U.S.
Elon Musk attends the Annual Meeting of the World Economic Forum in Davos, Switzerland, Thursday, Jan. 22, 2026. (AP Photo/Markus Schreiber)
